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...previous book, War Reporting for Cowards), British journalist Chris Ayres takes up a job as a Hollywood correspondent for the London Times. There, he witnesses a less violent, but equally disturbing, scene - the rapacious, debt-funded and seemingly insatiable spending habits of upwardly mobile West Coast Americans. Assigned to cover this world, he is compelled to emulate it, purchasing gargantuan televisions, unnecessary beauty treatments, pricey meals, and shady real estate. With dry British wit, he skewers American greed, L.A. life, and his own endless romantic foibles. (Read "Living in a World with Less Credit...

Author: /time Magazine | Title: A Brit in Los Angeles, Deep in Debt | 2/17/2009 | See Source »

That perception is leading investors to take cover, even in the face of hopeful news. Indeed, as the market sank on Tuesday, President Obama not only signed the $787 billion stimulus into law, but added that there could be yet another stimulus package if needed. Moreover, recent reports from the credit markets indicate that the great credit freeze may finally be starting to thaw. Morgan Stanley says that its analysts are seeing an improved credit landscape in most of the industries they track. "With the exception of utilities, a clear majority of firms in every other sector reported that credit...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...within six in the second half. Cornell’s three-point shooting proved to be a lethal threat. Harvard anticipated the deadly range of its opponents, but could not lock down the shooters due to other concerns. Doubling up on Foote, Crimson defenders frequently found themselves reeling to cover wide open Big Red shooters Ryan Wittman and Chris Wroblewski. The desperate defensive attempts were often too little, too late.“I thought they were really good around the goal,” Amaker said. “They stretched out with really good shooters...it?...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: NOTEBOOK: Crimson Can’t Make Up Deficit | 2/16/2009 | See Source »

...Read a TIME cover story on Schwarzenegger...

Author: /time Magazine | Title: California's Big Race to Succeed Schwarzenegger | 2/16/2009 | See Source »

...Read a TIME cover story on Japan...

Author: /time Magazine | Title: Japan's Prime Minister Aso Faces Ugly Economic Truths | 2/16/2009 | See Source »

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